Hello and welcome to the details of Iran condemns US financial sanctions targeting crude oil trade with China and now with the details
Nevin Al Sukari - Sana'a - Iran has denounced US sanctions on oil trade with China, calling the move illegitimate. — Reuters pic
TEHRAN, Feb 7 — Iran today condemned as “illegal” and “unjustified” new financial sanctions by the United States that target a network accused of shipping hundreds of millions of dollars worth of Iranian crude oil to China.
“The decision of the new US government to exert pressure on the Iranian nation by preventing Iran’s legal trade with its economic partners is an illegitimate, illegal and violative measure,” foreign ministry spokesman Esmaeil Baqaei said in a statement.
The US move was “categorically unjustified and contrary to international rules”, Baqaei added.
The US Department of the Treasury yesterday announced financial sanctions against an international network “facilitating the shipment of millions of barrels of Iranian crude oil worth hundreds of millions of dollars” to China.
The oil was shipped on behalf of Iran’s Armed Forces General Staff and a sanctioned front company called Sepehr Energy Jahan Nama Pars, the treasury department wrote in a statement.
The sanctions came after US President Donald Trump reinstated his “maximum pressure” policy against Iran over allegations the country is seeking to develop nuclear weapons.
Iran has slammed the reinstatement of the policy—similar to one Trump levied against Tehran during his first term as president—saying pursuing it would end in “failure”.
Under the tough policy of sanctions during Trump’s first term, which ended in 2021, Washington withdrew from a landmark nuclear deal that had imposed curbs on Iran’s nuclear programme in return for sanctions relief.
Tehran adhered to the deal—known as the Joint Comprehensive Plan of Action—until a year after Washington pulled out, but then began rolling back its commitments.
Efforts to revive the 2015 deal have since faltered.
Trump on Wednesday called for a “verified nuclear peace agreement” with Iran, adding that it “cannot have a Nuclear Weapon”.
Iran insists its nuclear programme is solely for peaceful purposes and denies any intention to develop atomic weapons. — AFP
These were the details of the news Iran condemns US financial sanctions targeting crude oil trade with China for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
